Profit and Loss Questions Practice Question and Answer

Q:

The profit on selling an article for Rs.1,100 is equal to three times the amount of loss on selling it for Rs.700. To gain 12.5%, the article must be sold for:

1599 0

  • 1
    Rs.956
    Correct
    Wrong
  • 2
    Rs.877.50
    Correct
    Wrong
  • 3
    Rs.787.50
    Correct
    Wrong
  • 4
    Rs.900
    Correct
    Wrong
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Answer : 4. "Rs.900"

Q:

Two - third of a consignment was sold at a profit of 5% and the remaining at a loss of 2 %. If the total profit was Rs. 400. then the value of the consignment was

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  • 1
    Rs . 16,000
    Correct
    Wrong
  • 2
    Rs . 16,500
    Correct
    Wrong
  • 3
    Rs . 15,000
    Correct
    Wrong
  • 4
    Rs . 15,500
    Correct
    Wrong
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Answer : 3. "Rs . 15,000 "

Q:

The difference between the selling prices of some articles if sold for Rs.12 per article instead of Rs.9 per article is Rs.150. If the sold price of these articles is Rs.250 then find the selling price of 21 articles if profit earned is 20%.

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  • 1
    Rs.130
    Correct
    Wrong
  • 2
    Rs. 126
    Correct
    Wrong
  • 3
    Rs. 136
    Correct
    Wrong
  • 4
    Rs. 125
    Correct
    Wrong
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Answer : 2. "Rs. 126"

Q:

An article is sold at a profit of 25 %. If the selling price is doubled, the profit % will be: 

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  • 1
    100%
    Correct
    Wrong
  • 2
    50%
    Correct
    Wrong
  • 3
    200%
    Correct
    Wrong
  • 4
    150%
    Correct
    Wrong
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Answer : 4. "150% "

Q:

A cloth merchant on selling 33 metres of cloth obtains a profit equal to the selling price of 11 metres of cloth , the profit is 

1589 0

  • 1
    50%
    Correct
    Wrong
  • 2
    11%
    Correct
    Wrong
  • 3
    40%
    Correct
    Wrong
  • 4
    22%
    Correct
    Wrong
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Answer : 1. "50% "

Q:

A shopkeeper cheats to the extent of 10% while buying and selling fruits, by using tampered weights. His total gain , in percentage is:

1588 0

  • 1
    22
    Correct
    Wrong
  • 2
    21
    Correct
    Wrong
  • 3
    23
    Correct
    Wrong
  • 4
    24
    Correct
    Wrong
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Answer : 3. "23"

Q:

A discount of 20% in the price of rice enables X to buy 5 kg more rice for ₹100. What is the reduced price of rice per kg?

1586 0

  • 1
    ₹4
    Correct
    Wrong
  • 2
    ₹2
    Correct
    Wrong
  • 3
    ₹1
    Correct
    Wrong
  • 4
    ₹3
    Correct
    Wrong
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Answer : 1. "₹4"

Q:

A radio is sold for Rs.900 at 10% profit. If it had been sold for Rs 890, what would have been the actual profit or loss?

1583 0

  • 1
    profit of Rs.10
    Correct
    Wrong
  • 2
    profit of Rs.90
    Correct
    Wrong
  • 3
    profit of Rs.90
    Correct
    Wrong
  • 4
    a loss of Rs 10
    Correct
    Wrong
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Answer : 4. "a loss of Rs 10"

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